ANKUL Siddharth JAIN

Areas of exposure:

• MIS reporting to internal stakeholders and Investors with KPI and variance analysis
• Managing internal and statutory audits
• Managing Monthly, Quarterly and Annual PL and cash flow planning
• Managing Due Diligence for fund raise
• Managing Working capital management and Treasury operations
• Managing mergers of subsidiary entities
• Managing Direct and Indirect Tax compliances
• Leading cost optimization project including negotiation with vendors

(Senior Manager - From Sep 2018 to Nov 2020 - Finance Controllership and Business Finance)

Business Finance- Led Business finance function for all the business segments of Ola Fleet Technology (Car Leasing business, Pre-Owned Car business) and Indirect cost for Ola Group

Areas of exposure:

• Planning and projection for New businesses including Legal structure, Financing, Process set up, PL and cash flow projections
• Monitoring of monthly & quarterly PL, tracking and analyzing business performance and managing weekly business reporting
• Closely working with business team on business goals, operational issues and driving business teams towards goals
• Price markdown evaluation and margin analysis for various cohorts to identify areas of margin improvement
• Analysis of product assortment considering high and low selling models to determine monthly procurement
• Monthly reporting to management for variances between Plan Vs Actual and working capital requirement
• Leading cost reduction projects including identification of potential commercial negotiation

Finance controllership- From Sep 2018 to Nov 2020 - Managed the Accounts and Finance function of Ola Fleet Technologies and Ola Financial Services

Areas of exposure:

• Finalisation of monthly/interim/annual accounts, preparation of monthly MIS and reporting to CFO
• Managing internal, management and statutory audits
• Managed operational issues related to revenue, AR and fixed assets
• Led project for capitalization of internally generated intangible assets
• Led initiatives for improvement in processes & controls and implementing standard operating procedures
• Training team on New Accounting standards i.e. Ind AS 115, Ind AS 116

Areas of Exposure:

• Managed and led Ind AS Transition / Convergence projects for Companies across various sectors.
• Managed Carve out projects – Preparation of Financial statements for business being Carved out.
• Assisted Companies in preparation of Financial Statements under Ind AS
• Assisted Acquiree Company to align their accounting and accounting policies in accordance with Acquirer’s GAAP and policies.
• Trained Corporates on IFRS as part of DIP IFRS course.

Major assignments:

• Ind AS conversion project - Manipal Hospitals, Big Basket, Rashtriya Ispat Nigam Limited, Tata advanced material ltd
• Consolidation streamlining and Benchmarking KPI’s - United Spirits Limited, Claris Injectibles
• PHI Seeds Private limited Business carve out project

Areas of Exposure:

Statutory and Tax audit

• Auditing financials (including consolidated financial statements) as per audit methodologies and reporting to audit partner on accounting and audit issues
• Review of Internal Controls, Risk Management Strategies, Business Continuity Plans, Organizational Segregation of Duties

Major assignments: Flipkart Group, Manipal Education and Manipal Hospitals, Hewlett Packard, CGI Info system